The race in tokenized stocks has accelerated! Nasdaq CEO: "Tokenization could unlock billions of dollars in capital"

Securitize's move to tokenize shares of major U.S. companies on the Solana network has led to a rise of over 10% in company stocks. This new service comes at a time when interest in moving traditional financial assets to blockchain is increasing. Nasdaq CEO Adena Friedman stated that tokenization could free up billions of dollars in capital tied up in the global financial system.

Securitize Stocks; includes shares of 11 companies listed on U.S. exchanges, including Apple, Nvidia, Microsoft, and Tesla. Each token is backed one-to-one by the corresponding share while also preserving dividends and voting rights.

Securitize plans to expand operations to 24 hours

Initially, transactions will be conducted outside normal market hours through Securitize's registered broker-dealer platform. Settlement transactions will be made in USDC on the Solana network, with liquidity provided by Jump Trading. The company aims to expand the service to allow trading 24 hours a day in the future.

Securitize also plans to provide assets for tokenized security platforms developed by the New York Stock Exchange and OKX ICE. No opening dates have been set for either platform yet. Ripple Prime, which supports the launch of the service, is exploring ways to integrate these assets into institutional trading services. Aave is also mentioned among potential partners where tokens could be used as collateral.

The new service has brought about the second strong rise in Securitize stocks this week. On October 6, when the company announced a partnership with LG CNS covering tokenized funds, stocks gained about 8%. According to Yahoo Finance data, the rise over the past month has reached approximately 54%.

Nasdaq: Continuous risk management is needed for 24/7 markets

Speaking at the TOKEN2049 conference in Singapore, Nasdaq CEO Adena Friedman noted that tokenizing U.S. Treasury bonds, stocks, money market funds, and capital flows could enhance collateral liquidity. According to Friedman, this transformation could enable the utilization of billions of dollars in capital tied up in the global financial system.

Friedman stated that institutional interest has significantly increased over the past year, influenced by the GENIUS Act in the U.S., which establishes a regulatory framework for stablecoins. She expressed that the ability to tokenize currencies opens the way for capital flows to be transferred to the same structure.

Emphasizing that institutional interest has met the demand from individual investors who have long wanted to trade at any hour of the day, Friedman noted that the individual investor ecosystem is about ten years ahead in this area. However, she described the financial sector's complete transition to a 24/7 market structure as a significant transformation.

Nasdaq also reached an agreement with Pyth Network for price data on tokenized assets last week, continuing to adopt innovative technologies in the tokenized space.

According to Friedman, the exchange infrastructure represents the easiest part of this transition. While traditional financial institutions use market closure hours for system updates and risk management, continuous trading requires ongoing and real-time risk and collateral management.

Friedman stated that artificial intelligence plays a critical role in this process, revealing that Nasdaq has deployed digital agents in its risk management platform. Initially providing recommendations, these agents could be used by banks for more direct transactions in the future.

Kraken co-CEO Arjun Sethi noted that companies outside the U.S. have shown strong interest in tokenization and access to U.S. capital markets. He mentioned that this includes a business generating approximately $25 million in revenue, as well as larger international organizations. Friedman warned that not every asset is liquid enough to support a 24/7 trading environment.

In the current distribution of the tokenized stock market, BNB Chain stands out. The BNB network accounted for 41% of the total market value of tokenized stocks among the examined blockchains. The number of addresses holding tokenized stocks worth over $10 at any given time on the BNB Chain reached 187,112. Thus, the network ranks first among blockchains in both address count and market value share.

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